CNN Plus is shutting down only a month after it launched
by David Pierce from The Verge - All Posts on (#5YDJ0)
CNN Plus, the news network's dedicated streaming service, is shutting down before even turning a month old. Chris Licht, the new CEO of CNN, delivered the news to his new team at an all-hands meeting on Thursday, and the service will shut down entirely on April 30th.
Licht congratulated the CNN Plus team in a memo to staff announcing the shutdown and said that the decision is not a reflection of the quality of the talent and content at CNN+, some of which will migrate to CNN's programming or some of the company's other networks." The decision, he said, was about broader strategy. In a complex streaming market, consumers want simplicity and an all-in service, which provides a better experience and more value than stand-alone offerings."...